# Micron to buy Intel's stake in IM Flash joint venture for $1.5B

Micron Technology confirmed plans to buy out Intel's stake in their flash memory joint venture IM Flash Technologies for $1.5 billion. The joint venture owns a foundry in Lehi, Utah, which produces 3D XPoint memory technology.

- Type: Acquisition
- Announced: 2019-01-16
- Where: Lehi, Utah, United States
- Value: $1.50B
- Status: announced
- Products: 3D XPoint memory technology, flash memory
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Micron Technology](https://endata.com/companies/16026.md) (acquirer)
- [Intel](https://endata.com/companies/21062.md) (target)
- [IM Flash Technologies](https://endata.com/companies/36728.md) (target)

## Sources

- [siliconangle.com](https://siliconangle.com/2019/01/15/micron-buy-intels-stake-3d-xpoint-joint-venture-1-5b/), 2019-01-16: "The Utah-based facility provides us with the manufacturing flexibility and highly skilled talent to drive 3D XPoint development and innovation, and to deliver on our emerging technology roadmap."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.